COMMERCIAL.

New Zealand Herald, Volume XLV, Issue 13751, 16 May 1908, Page 3

COMMERCIAL.

The sharemarkcfc was quiet yesterday. In investment lines New Zealand Insurances sold at 75s 3d to 75s bd, with further buyers at, 75s 6d, and sellers closing, at 76.-=. New Zealand Paper Mills sold at. 25s 3d, and Wilson's Portland Cements (preference) at 48-. In mining lines were rather easier, selling at £9 8s bd to £9 9s to £9 3s 9d. with late sellers at £9 8s 9d. buyers £9 '8s 6d. Grand Junctions also declined, soiling at 34s 6d to 34s to 34.s 3d. more- being looked for at 34s 3d, with sellers asking 34s M. Talismans told at 49s to 49s 3d to 43s 9d, sellers closing at 49.-; 3d, buyers at 48?. 3d. May Queens sold at Is 6d ; Waitangis at 2s Id; Old Haurakis at 2s 3d, 2s 7d, and 2s 3d; Crowns at 6- 2d: Golden Belts at 2s M and 2s 2d; Karangahakos at Is 3d and Is Id; and Tairua Golden J ills (6d paid) at 3-. Id.

AUCKLAND STOCK EXCHANGE. BUSINESS DONE YESTERDAY. Previous day's closing «ales. £ 8. d. New Zealand Insurance —3rd call, 75» 2d, 75s 4.1, 7i» 6d — New Zealand Pap?r Mills— call, 25s 3d — Wilson's Portland Cement (prof.)— call, 4P.s " May Queen—3rd call, Is 6d 0 17 Waitanffi—2nd call, 2s Id — Old liauraki—lst call, 2s 3d: 2nd call, is Bd, 2s 7d ; 3rd call, 2* 8d ... 0 2 6 Crown-»2nd call, 6s 2d 0 6 2 Golden Belt— call, 2s 3d. 2s 2u; 3rd rail, 2s 3d 0 2 1 Karanjjahake— call, Is 3d; 3rd call, Is Id 0 1 _ Tairua Golden Hills <6d paid)— call, 3s Id 0 3 0 Talisman—3rd call, 19s, 49s 3d, 48s 9d 2 9 0 Waihi— call, £9 8s 6fl, £9 9s; 3rd call, £9 9.i, £9 8s 9d 9 9 0 Waihi Grand Junction— call, 34s 6d ; 3rd call, 345, 34s 3d 1 If) 0

CALL AND DIVIDEND LIST. Dividends. £ p. d. National Insurance — Now Waihi ... 0 6 6 June 1 Mount Lyell Minim: and Railway Company .019 June 15 Calls. Kurtmui, April 27 0 0 1 May 13 Magnet. April 30 0 0 1 May 13 Old Hauraki, Mav 8 0 0 1 May 21 New- Waitekauri,' Mav 12 ... 0 0 1 May £1 May Queen. April 29 0 0 1 May 27 Kapowai, Mav 14 0 0 1 June 1

■ FRUIT 'AND PRODUCE MARKETS. Bu«ine*3 on the local fruit, and produce markets during the past week ha.-- been laiviy good, the oiiiv particularly noticeable change being a deemed decline in the pneo of Luittei and a heavy fail in Hie value ol apples. The, supplies of potatoes were not beyond requirements and the, market closed very firm yesterday. The onion market, showed a much tinner tone, stocks beitis reduced and iiiipcu.inona beim,' on the small side. Divine; to the r-dvancc. of the season business done lias only been of a hand-to-mouth character. Vegetable! generally were in fair supply and realised good prices, Grain and fodder ate reported to bo veiy firm in value. In dairy product' there was again a further marked increase in the supply of dairy butter, and there was a drop in values, and even private sales were difficult to effect., despite a considerable reduction in price.?. Fresh eggs were very scarce and fold at higher values, Yurie «i.t no change in the price oi cheese, bacon, or hams. Poultry were penned in good number?, and throughout, prices were very satisfactory. The fruit market. was well supplied, particularly v.itli tipples, and as compared with late values there was a heavy drop, as was anticipated last week. The higher prices obtainable a few weeks a£o induced fairly targe shipments from the South, a great, many of which sold at a serious loss to the importers. There, was. a. fair supply of Island fruits from Tonga and the Cook Islands, the former realising unusually good prices. The following were the ruling rates tit the auction sales yesterday:— Field Produce.—Potatoes: Southern, prime, £6 10s per ton ; no- locally-grown were offered. Kumaras: Local, £4 10s to £7 5s ton; do., Island, 3s 6d to 5s case. Onions: Local, superior, Id lb; do., medium, 6s to 7s cwt; do.. Southern, prime, 8s 6d ; do., Victorian. fa 6d. Chaff: Local, 6s to 6s 6d cwt; do., Southern, 6s 6d. Dairy Produce.— and separator butter, 9d to'lO.d lb: do., milled, in bulk, for export. lid: do.'", farmers' bulk, 8d; do., pastry, Bd. Eggs: Fresh, Is 9d to 2s dozen; do., pickled, Is 2d. Cheese: Farmers', 4d to ad lb; do., factory, large, bd to 6id : do., loaf, 7d. Bacon: Factory, 9 : .d. Hams : Factory, 9d to lOd. fruit.—Apples: Local dessert, extra choice. 10s to lis case; do., good, to 9s; do., ordinary, 6s to 7s:, do., cooking, superior. fis to 9s; ordinary. 6s to 7s; do.. Canterbury dessert, 7s to Bs. Pears: Local dessert, os to 13s; do., cooking, 6s to 7s. Grapes: Superior, Is 7d to Is lOd lb; do., others, 6d to Is. Oranges: Island, 5s to 7s 6d case. Lemons: Local, prime, 10s to 14s; do., poor, 4s to 7s; do., South Australian, lis 6d. Passion* fruit: Local. 5s to 8s box; do., Sydney, 8s to 9<?. Bananas, is to 5s bunch; do., repacked, 2d lb. Pipes: Queensland, 9s to 10s case; do., Island, 9s to lis. Poultry.—Hens, heavy. Is 6d to 2s each ; do., medium.' Is to Is 5d ; table roosters, extra. 3s to 4s fid; do., ordinary. 2s 3d to 2s 6d; do., light, Is 6d to Is 9d; ducks, Is 9cl to 2s 6d; geese, 3s 6d. Miscellaneous.—Young pigs. 4s to 12s each, according to quality.

PROPERTY SALES. Then 1 was a good attendance at, Mr. .1. Thornes' land sale yesterday, when cottage property at ilevonport 'was ottered and the following found purchasers:—Four-roomed cottage, on allotment having 31ft frontage to High-street by 80U, sold

for £155; cottage of four room* and -ullfitj, with allotment having 40ft frontage to "••™5" Parade by 100 ft. £230: cottage in Cam™a iwau' 40ft allotment, by 130 ft. £185 » Hoinic,L„ Br d£ 42ft to Shoal Bay Road by 120 ft t0... street, £73 10s. The 'residence in Crumnier itoau was withdrawn at £560. MESSRS. C. B. KINGSWELL 'AND CO/8 REPORT. On Tuesday we cleared a large >»£**»? of hide,, -kins,-tallow, etc The market » 111 111 tor hide?. ?knis, tallow, etc. Ill's mar*'u all well-flayed and conditioned lots oi «*, being lower „, , ,„,,, ... »«-, Hides: Extra stout, 7<! to r «id ;■>*•«•"• ?/\l J 7d; medium, to M ; light. 6J to ";, fJ •„ , 1 °, 1V '.,,,, 4|d to 4gd. j?ood.4ld to 4£d, seconds £\ '» [-> ■{• . inferior Id "to 2d: kip, -veil-flayed « to 4 g« (-cored 2d to 3d: calf, fir.-t quality ■»« " oi, badiv shaped oid to 32.1. scored 2d to *«? PfJ '': Sheepskins: Easier. Butchers-, large to ** M. good lines Is 6d, small la 3d to Is 4d, lamb., at same price. ... ~, t a ?=,« Tallow: Easier. Bf*t, in shipment ' »«*». r--6d: in broken cask.- and packages, * " f=> l " ferior, lite to IS? per <-wt; rough fat. '*-' ''v., '»• Horsehair: Tail, Is 4d to Is 6d ; malic, JU to lOd ner ll>. Bones : Dry, £4 153 per ton.'

LONDON MEAT AND TALLOW MARKET. Messrs. Dalgetv and Co.. Limited, have received the following cablegram from Loudon .--. The meat- market is easy, hut not quotaby lower. Except for heavy mutton prices have declined: The output baa improved. Tallow: meie ipoor demand at a reduction of 6d. LONDON BUTTER MARKET. Writing to a. Wellington friend Mr. S. Turner. who has visited New Zealand on four occasions in the interests of Wilier and Riley. Limited, dairy produce merchants, of Manchester, states that the famine in butter at- Home was caused bv droughts in Ireland, Finland, mid Siberia, together with the shortage from the colonies, attributable to the Fame cause. DUNEDIN STOCK EXCHANGE. [BY TELEGRAPH.—PRESS ASSOCIATION.^ Duxedix, Friday. The following Stock Exchange sales have been reported Golden Bed (two parcels), 8s 6d; Molyneaux-Kohinoor, Is 6d. ' AUSTRALIAN WHEAT MARKETS.' By Telegraph.— ess Association.—Copyright. Sydney, May .15Useful tain over a great part of the State lias paused a fall in wheat. The Sydney quotation is 4p 7J,d to 4s 3d; Melbourne, nominally; 4s la , Adelaide. 4? id. LONDON. By Telegraph.—Press Association.—Copyright. Loxnox, May 14. , PEARL-SHELL. ' At the pearlshell sales 4662 cases were offered and 3273 sold, the average being £5 5s to £10 below the .March sales, 'the market is disorganised. CONSOLS. Consols have recovered from the recent rapid decline and are now quoted at £86 10s. (Received May 16, 12.25 a.m.) Loxnox, May 15. BANK OF ENGLAND RETURNS. ; The Bank of England returns for the week are as follows:—Gold coin. £35.601, reserve. £21,027,000; proportion of reserve to liabilities, 51.12 per cent.: notes in circulation, £28,452.000; public deposits, £9,379,000: other deposits. £13,434,000; Government securities. £14,575,000; other securities, £29,041,000. MONEY MARKET. Three month.-' bills arc. discounted at 2J per -en*. - " ; '-■ Short loans, lj; per cent. ; Paris. 2\ per cent.: Berlin, 3] per cent. The Bank rate is 5 per cent. COLONIAL STOCKS. New South Wales 4 per coins., £107; 3£ per cents., £99 10s; 3 per cents., £88. Victorian 4 per cents., £104 10s: 3 ! . per rents., £100 ss; 3 per cents., £89 15s. South Australian 3t per cents., £100 ss. Queensland 3 per cent."., £39. New Zealand Zi, per cents., £ICO 10s. The rest arc unchanged. WHEAT AND FLOUR. The wheat markets are a shade easier owing to decline in Chicago. Cargoes are dull. A South Australian March shipment- is offering at 36s'; steamer parcels, 335; Australian, on spot, 40*. Flour is quiet, Australian in London offering at 27.s to 28s and in Glasgow at 28.*, with no buvers. METALS. Copper: On spot, £58 2s 6d ; at three months, £58 17s 6d : electrolytic, £58 15s. Tin : On spot. £134 ; at three months, £133 10s. Lead, £13 2s 6d. ' SUGAR. German, lis id: first marks. 13- 4d. WOOL. The wool market is now very animated and 1 a haretelling tendency is.shown for all sorts. There, Is a' strong Home demand for 'crossbred*. .' The; Raiig-'atira clip sold for sJd.' . '■ The following: prices were received for the undermentioned clips :—Sunny side, 8d : Wiiikarc, sid : Karmtons. lid. The Bradford wool market is quiet, with better inquiry. BUTTER. The butter market is fiat. Danish. 110s to 112s. Colonial is weak owing to increasing Home and Eurn[)can supplies. Choicest Australian is quoted at 100.; to 104s and New Zealand at 108s to 110s.

CLOSING QUOTATIONS. Sellers. Buyers £ 8. cl. £ a. d BANKS— New Zealand 9 .5 0 — INSURANCE— New Zealand 3 16 0 3 15 & National ... 17 6 South British 2 17 6 FINANCIAL— N.Z. and River Plate ... 1 15 0 1 12 0 COAL— Uikurangi ... - 0 9 0 Nort. Coal. 10a paid ... 0 16 2 0 15 9 Taupiri Mine*, Ltd. ... 1 0 0 0 19 0 Wcetport 7 16 6 19 0 Drury, pref. ...... 110 — GAS— Auckland 13 6 6 15 2 6 New Plymouth 3 10 0 7 13 0 SHIPPING— Union S.S 1 15 0 1 14 6 Dcvbnport Steam Ferry... 11-0 1 11 0 TIMBER— Kami, eon. ... ... 0 11 6 0 11 0 MISCELLANEOUS— Hibberd's Svntliuute, con. — 0 8 0 Turkish Baths — 10 0 .Auckland Tramways, pie: 14 6 — Auckland Tramways, old. 14 6 14 0 D.S.C., Limited . '. 0 5 4 0 5 0 Hill and 'Mummer. Ltd.;.. 110 — li.M. Arcade Theatre Co., pref 10 6 0 19 6 H.M. Arcade. Theatres Co., Old. :. 0 13 0 Milne and Choree, pref. — 13 0 'N.Z. Portland Cement Co. 16 6 15 6 New Zealand Paper Mills 15 6 13 3 Union Oil ... 116 Wiseman and Sons. ord. 0 12 9 0 12 7 Wilson's Portland Cement Co., pref ... 2 9 0 2 3 0 Wilson's 'Portland Cement Co., ot'tl- 2 £» 6 2 7 0 MINING— Bonanza, con ; 0 0 4 Halcyon ■ ... ■ ... ... u O 4i 0 0 2 Kuianui 0 0 £ Kurunui-Caledonian ... 0 0 1]'. 0 0 9 May Queen 0 17 0 16 Mac Queen Extended... 0 0 5 — New Moanataiari 0 0 1.', 0 0 2'. New Monowai — 0 0 2-'; New Occidental .'., ... 0 0 6 0 0 2 New Svlv-a 0 17 0 15 Saxon " 0 0 a 0 0 5| Scandinavian 0 0 6 — Southern Queen 0 0 5 0 0 4 Thames 0 0 10 Victoria 0 10 0 0 9 Waiotahi ... <) 2 10 0 2 3 Waitangi 0 2 3 0 2 0 Watchman ... 0 0 ;! 0 0 2J Mount Zeehati, con. ... 0 0 4 Consolidated Goklflelds ... --. „ ,, 0.17. 0 Progress Miners > — . . 0 10 0 Blaekwater ... 14 6 13 0 Golden Ball 003 004 Hauralci Freehold ... ... 0 0 7 0 0 4 Kapowai, con 0 0 6 — ■ Old Hauraki Gold Mines.. 0 2 8 0 2 7 Old Kapanpa 0 0 2', Tolcatea 0 0 4 0 0 2f, Sunbeam Gold slid Silver, Is 6d j aid ... ... - 0 4} 0 0 2; Ngatiawa — 0 1 0" Aupouri 0 0 2', 0 0 1 Plw.ntx 0 0 3 0 0 5 Brilliant Block. ■ 3d paid 0 0 5J 0 0 3 1 , Comstock, eon 0 0 8 0 0 6" Champion, paid up ... 0 4 9 0 4 3 Champion, con .039 030 Crown 0 6 2 0 6 1 Dominion, 4d paid ... 0 0 5'. 0 0 4 Golden Belt, paid ... 0 2 3 0 2 2 Golden Belt. eon. ... ... 0 0 10 0 0 ft} Golden Crop? 0 0 4', 0 0 .V. Kirilriri, eon. 0 0 3, 0 0 A Karangahake 0 12* 0 1 0" Komata Reefs 0 13 0 12 Maorilatid, paid 0 0 5 0 0 2', New Waitekauri 0 0 6 0 0 4^ Readv Bullion 0 0 H — " Rising Sun 0 0 JO 0 0 7 1 , Silver Hill 0 0 6i — " Taihoa ...00-' — Talma Broken Hills ... 0 3 3 0 3 1 Tairua. Consols .004 00^ Tairtia Golden Hills, 9d paid ...0 3 4 0 3 1 Tairua Golden Hills, 6d paid > 0 5 2 0 5 0 Tairua Extended ... ... 008 006', Tairua Triumph 0 1 11 0 1 10* Talisman Consolidated ... 2 9 3 2 8 3 Waihi 9 8 9 0 3 6 Wailii Beach 0 0 S 0 0 6 Waihi Consolidated .. 0 1 10 0 13 Waihi Extended ... ... 0 3 8 0 5 7 Waihi Grand Junction ... 1 14 6 1 14 5 Mountain K'n.ir, con. ... 0 0 5/, 0 0 4 Lanigan's Antimony Mines u 0 6' —